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Forex
Japan spent $36.8 billion on foreign exchange market intervention in July
The figures are from Japan's Ministry of Finance for the June 27-July 29. You'll recall highs for USD/JPY over 161.75 during that period. I'm not sure its correct to say 'spent'…
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Japan, U.S. finance chiefs agree to closely consult on forex
Japanese Finance Minister Katsunobu Kato said Wednesday that he has agreed with new U.S. Treasury Secretary Scott Bessent that they will closely consult…
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Markets will closely follow the PCE data and German inflation
The US Dollar traded with a tepid downside bias amid lower yields and further investors’ assessment of Wednesday’s hawkish hold by the Federal Reserve,…
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Rupee hits record low amid worries about US tariffs; RBI likely steps in
The Indian rupee slipped to an all-time low on Friday, as the threat of U.S. trade tariffs under President Donald Trump weighed on most Asian currencies, while the Reserve Bank…
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Gold sets new record-high, majors stay quiet ahead of inflation data
Here is what you need to know on Friday, January 31:
Major currency pairs trade in narrow ranges early Friday, following some volatility seen on Thursday.…
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The Ultima Showdown: Two Brokers, One Brand
Offshore broker BCS Markets (formerly BCS Forex), a part of the Russian financial conglomerate BrokerCreditService and a sister brand of the Russian-licensed forex dealer…
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Euro Slides Under $1.04 as Flurry of News Rejiggers Forex Markets — TradingView
Key points:Euro slides under $1.04 in busy week Euro-dollar breaks 50-day moving average Markets fear Trump may target eurozone Illustration by TradingViewFed holds rates,…
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Weekend poised as first real test of Trump’s protectionist rhetoric
The European Central Bank, following its expected playbook, dialled down its policy rate by 25 basis points this Thursday. ECB President Christine Lagarde…
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India’s Forex Reserves Climb, Ending Seven-Week Decline
What’s going on here?India's foreign exchange reserves rose by $5.58 billion to $629.56 billion by January 24, 2025, breaking a seven-week decline and marking the largest…
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Kickstart the NA forex trading day with a technical look at the EURUSD, USDJPY a
In the kickstart video, I take a look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD - from a technical perspective to start the US trading day. The USD is…
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